Objectives
$100AUD per day as the second regular income. Trading is my biggest habit.
Markets & Instruments
AUD/USD
EUD/USD
Style
Intraday trader
Timeframes
5mins, 15mins, 1 hour, 4 hours and daily charts.
Reversals, Breakouts or Retracements?
AUD/USD:
1 hour chart -> retracement
Daily chart -> up trend is intact.
Looks promising to test the historical peak: 0.98 in the near term. But the RSI and MACD are indicating overbought now. So in the short term, it is waiting for the trigger to retrace to 0.93 before moving to 0.98.
EUD/USD:
1 hour chart -> retracement
Daily chart -> up trend is intact.
Looks promising to test the recentl peak: 1.375 in the near term. But the RSI and MACD are indicating overbought now. So in the short term, it is waiting for the trigger to retrace to 1.33 before moving to 1.375.
Trade Set Up
AUD/USD: Today it need to retrace, show keep the short position
EUD/USD: Today it need to retrace, show keep the short position
Testing
Entry, Stop Loss & Targets
$100AUD per day as the second regular income. Trading is my biggest habit.
Markets & Instruments
AUD/USD
EUD/USD
Style
Intraday trader
Timeframes
5mins, 15mins, 1 hour, 4 hours and daily charts.
Reversals, Breakouts or Retracements?
AUD/USD:
1 hour chart -> retracement
Daily chart -> up trend is intact.
Looks promising to test the historical peak: 0.98 in the near term. But the RSI and MACD are indicating overbought now. So in the short term, it is waiting for the trigger to retrace to 0.93 before moving to 0.98.
EUD/USD:
1 hour chart -> retracement
Daily chart -> up trend is intact.
Looks promising to test the recentl peak: 1.375 in the near term. But the RSI and MACD are indicating overbought now. So in the short term, it is waiting for the trigger to retrace to 1.33 before moving to 1.375.
Trade Set Up
AUD/USD: Today it need to retrace, show keep the short position
EUD/USD: Today it need to retrace, show keep the short position
Testing
Entry, Stop Loss & Targets
